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TDY

Teledyne Technologies reported disappointing Q1 financial results, with Q2 adjusted EPS guidance and FY24 adjusted EPS guidance both falling below estimates, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:22 pm

BLFY

Blue Foundry (NASDAQ:BLFY) reported Q1 2024 earnings with a GAAP EPS of $(0.13), surpassing the $(0.21) estimate. Sales reached $9.868M, exceeding the $9.168M forecast but marking a 20.58% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:20 pm

CHPT

HTZ

The article highlights the top 3 industrials stocks considered oversold in April, based on their RSI values being near or below 30. ChargePoint Holdings, Inc. (CHPT) was downgraded by Goldman Sachs, Hertz Global Holdings, Inc. (HTZ) had its price target lowered by Deutsche Bank, and SP Plus Corporation (SP) reported downbeat quarterly earnings but overall strong annual performance.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:17 pm

Wedbush analyst Daniel Ives maintains an Outperform rating on General Motors (NYSE:GM) and raises the price target from $45 to $55.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:15 pm

AVGO

CASY

EPD

LNG

PBR

RXRX

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round,' recommending selling Petrobras (PBR) and buying Enterprise Products Partners (EPD), Cheniere Energy (LNG), Recursion Pharmaceuticals (RXRX), Casey's General Stores (CASY), and Broadcom (AVGO). Analysts have recently updated their price targets for EPD, CASY, and RXRX, while critics have raised concerns about Broadcom's cloud licensing practices.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:15 pm

HLT

Hilton Worldwide Holdings Inc (NYSE:HLT) reported a 12.2% year-on-year increase in Q1 FY24 sales to $2.573 billion, surpassing analyst expectations. The company saw growth in franchise and licensing fees and owned and leased hotels revenue, with a system-wide occupancy rate of 67.2%. Adjusted EBITDA rose 17% to $750 million, and adjusted EPS of $1.53 beat consensus estimates. Hilton raised its FY24 adjusted EPS outlook and expects a 2%-4% increase in system-wide comparable RevPAR. HLT shares surged 4.41% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 12:14 pm

LNC

NYCB

Wall Street's most accurate analysts have provided updates on three financial stocks with over 6% dividend yields: Lincoln National Corporation (LNC), New York Community Bancorp, Inc. (NYCB), and The Western Union Company (WU). These updates include changes in price targets and ratings, reflecting the analysts' views on the stocks' future performance. Additionally, recent news for each company has been highlighted, such as upcoming earnings reports and executive team appointments.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:11 pm

ENPH

EQX

TSLA

Tesla shares surged over 10% in pre-market trading despite weaker-than-expected Q1 earnings, attributed to plans for accelerating new model launches. Other stocks showed significant movement in pre-market trading, with notable gainers including Chicken Soup for the Soul Entertainment and Zapata Computing, and losers like Evotec SE and Enphase Energy reporting disappointing results.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:09 pm

BTCUSD

Anthony Scaramucci, founder of SkyBridge Capital, stated that owning Bitcoin now requires intellect, reflecting on its recent surge and potential to exceed $80,000. His views align with analyses predicting Bitcoin's value increase due to factors like its halving event and a growing FOMO sentiment among investors.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 12:09 pm

CALX

Calix Inc (NYSE:CALX) reported mixed Q1 FY24 results with a sales decline of 9.5% YOY to $226.31 million, missing estimates. Adjusted EPS was $0.21, beating estimates by $0.01. Gross margin expanded to 54.2%. Q2 revenue is expected to be between $197 million and $203 million, below the consensus of $232.76 million, with adjusted EPS forecasted at $0.03 to $0.09, significantly under the $0.24 estimate. Following the announcement, Calix shares dropped 5.2%, and analysts from Needham, Roth MKM, and Rosenblatt adjusted their price targets downwards while maintaining Buy ratings.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:08 pm